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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities    
Consolidated net income $ 159,287 $ 141,709
Reconciliation of consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 17,123 9,250
Stock-based compensation expense 6,150 6,231
Provision for doubtful accounts receivable 99 1
Loss from unconsolidated affiliates 458 8,007
Dividends from unconsolidated affiliates 2,812 2,024
Insurance proceeds - noncapital related 0 15,000
Gain on disposals of properties (14,465) (1,567)
Unrealized loss on short-term investments 5,010 0
Gain on sales of securities 0 (365)
Deferred income tax expense 1,651 940
Changes in assets and liabilities:    
Receivables (101,524) (75,200)
Inventories (18,542) 22,502
Other assets 410 11,984
Current liabilities 57,702 33,948
Other liabilities (2,598) (907)
Other, net (14) 68
Net cash provided by operating activities 113,559 173,625
Cash flows from investing activities    
Capital expenditures (16,592) (16,406)
Purchase of short-term investments (26,633) 0
Purchase of long-term investments (552) 0
Proceeds from the sale of securities 0 96,465
Issuance of notes receivable with unconsolidated affiliates 0 (12,500)
Proceeds from sales of assets 19,737 2,878
Investment received from noncontrolling interests 600 0
Net cash (used in) provided by investing activities (23,440) 70,437
Cash flows from financing activities    
Dividends paid to stockholders of Mueller Industries, Inc. (27,262) (22,255)
Dividends paid to noncontrolling interests (12,240) 0
Repurchase of common stock (243,615) (27,930)
Repayments of debt (56) (56)
Repayment of debt by consolidated joint ventures, net 0 (77)
Net cash used to settle stock-based awards (4,494) (2,489)
Net cash used in financing activities (287,667) (52,807)
Effect of exchange rate changes on cash 392 (670)
(Decrease) increase in cash, cash equivalents, and restricted cash (197,156) 190,585
Cash, cash equivalents, and restricted cash at the beginning of the period 1,038,895 1,174,223
Cash, cash equivalents, and restricted cash at the end of the period $ 841,739 $ 1,364,808

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